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Buy To Let Deal of the Week

Attention all investors!!!

Oswald Road, Newbiggin by the Sea

This 3-bedroom terrace property in Newbiggin by the sea has great investment potential.

Currently being marketed at £39,950 – it’s below the stamp duty threshold so an immediate saving of 3%.

The UPVC windows, combi gas central heating system, the flat roof on the porch and UPVC cladding have all been renewed within the last 3 years.

The interior of the property requires refurbishment however once completed this should get good tenant interest and deliver a decent return.

If you pay the asking price for this property and spend around £5,000 - £8,000 to bring it up to a   good standard, then it should rent out at £450pcm. This will give a Gross Yield of 11.5% which is not to be sniffed at!!

The property is being marketed by Rickard Estate Agents, Ashington, so you will need to contact them for further details and a viewing http://www.rightmove.co.uk/property-for-sale/property-60680038.html

 

If you wish to discuss this or any aspect of property investment then contact us at

info@henwellhomes.co.uk or give us a call on 01670 208803. We look forward to hearing from you.